Asarco earnings rise
Third-quarter net earnings of $52.7 million(US) were reported by Asarco Inc. (NYSE), a 14% increase over restated earnings of $46.2 million for the same period in 1988. Earnings per share amounted to …
Articles by Northern Miner Staff
Hecla will spend $6.6 million to boost Republic gold output
A major $6.6- million development program is slated to begin early next year at the Republic gold mine property in northeastern Washington State. For the past five years the high- grade mining operati…
Inco to develop new mine in Sudbury at cost of $179 million
A new $179-million nickel mine is expected to begin production by 1993, Inco Ltd. (TSE) says. Construction of the facility, known as McCreedy East in the Levack area of the Sudbury Basin in Ontario, w…
COATS (over-the-counter) (December 11, 1989)
Carolin Mines continued making advances for the week ended Dec 5, trading as high as $1.60 before a sell-off forced the issue back to 80 cents on Dec 4. The company plans to examine the possibility o…
IOCC GOLD OPTIONS (December 11, 1989)
Options Open Series Volume Last Interest Feb 380 C 153 34.00 1,109 Feb 390 C 253 23.80 1,291 Feb 400 C 674 20.00 2,569 Feb 410 C 424 13.50 906 Feb 420 …
Abcourt, Val d’Or finish geophysics at Bardome project
A geophysical program carried out on the Bardome base metals property north of Val d’Or, Que., was completed recently by partners Val d’Or Resources (ME) and Abcourt Mines (ME). Val d’Or Resources is …
Gold funds as of Dec 5
MVP BGR Central Capital Net value $12.30 $6.38 $0.52 Price $11.25 $6.50 $0.38 Discount 8.54% 1.9% 27% Value $72,897,506 $10…
Wrightbar custs stringers at 1,600 ft on Bourlamaque bet
Wrightbar Mines (ME) says copper stringer mineralization has been intersected in a 1,600-ft drill hole on the southern half of Wrightbar’s Bourlamaque Twp. property east of Val d’Or, Que. The announce…
Costigan set to drill New Brunswick claims
Toronto-based Costigan Gold (COATS) is undergoing a reorganization which will see the company raise $300,000 through a private placement. The funds will be used to conduct a diamond drilling program o…
Toronto Stock Exchange Indices (December 11, 1989)
1989 Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 HIGH LOW Composite “300” 3939.84 3952.66 3958.65 3942.77 3946.65 4037.83 3353.13 Metals & Minerals 3369.31 3366.52 3357.11 3353.24 …
VSE orders new study for Calpine/Prime merger
The Vancouver Stock Exchange has requested officials of Prime Resources (VSE) and Calpine Resources (VSE) to provide shareholders with a new valuation opinion for the proposed merger between the two c…
Metal Prices (December 11, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 Copper 1517-1519 1…